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Acklac Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 700 units. The costs and percentage completion of these units in beginning inventory were: Cost % Complete Materials costs $12,000 65% Conversion costs $2,000 10% A total of 9,200 units were started and 8,300 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Materials cost $200,800 Conversion costs $225,500 The ending inventory was 75% complete with respect to materials and 15% complete with respect to conversion costs. The total cost transferred from the first processing department to the next processing department during the month is closest to: Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places. $485,486 $407,024 $426,300 $440,300
She spent $300 for airfare to another business seminar and $200 for parking at her office. Using car expense rate of 0.50 cents per mile, what is her deductible transportation expense?
Markowis Corporation sells three different models of mosquito zapper. Model A12 sells for $54 and has variable costs of $40. Model B22 sells for $107 and has variable costs of $80. Model C124 sells for $407 and has variable costs of $310. The sales m..
Reconcile the bank account. Give the journal entries that should be made as a result of the bank reconciliation. Compute the balance in the Cash account after the reconciliation entries.
williams-santana inc. is a manufacturer of high-tech industrial parts that was initiated in 2001 by two talented
On January 1, Staff Corporation had 80,000 shares of no-par common stock issued. 5,000 shares are held as treasury stock. The stock has a stated value of $5 per share. During the year, the following transactions occurred. Apr. 1 Issued 12,000 additio..
explain one way to establish your credit and one way to protect your credit? What are some things you can do to improve poor credit?
you will be needed to submit a written paper.nbsp1. explain the companys existing policy regarding dividends andor
The state of mind that characterizes the auditors' appropriate questioning and critical assessment of audit evidence is referred to as
A company pay for 25% of its purchases by credit terms n/60, 40% of its purchases by credit terms n/30, and the remaining 35% by a two-month advance payment. The sources for June's cash payments schedule for direct materials would not include which o..
What was the average issue price of the stock issued during 2007? What was the amount of dividends declared during 2007? Did the company have any treasury shares at the end of 2007?
Compute the following: Cash receipts per books during August Cash disbursements per books during August and Unadjusted cash balance per ledger at August 31, 2016
From the company's perspective, should Department R purchase the units internally or externally? Assume Department A has ample capacity to handle all of Department R's needs. Would your answer change if Department A can sell everything it produces ..
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